Flixxo: Popcorn Time creator Federico Abad is part of a new teams preparing a YouTube competitor. The new platform is reportedly a BitTorrent and blockchain collaboration.
In less than two weeks, Flixxo will hit the market, with a highly revolutionary platform that will reward users for creating, producing and distributing content using BitTorrent….
Without a doubt, YouTube is one of the most important video services currently available on the Internet.
The huge video data file provides pleasure to millions of users everyday. Of course behind the platform is Google.
Over the years, many have tried to copy the idea of YouTube without being able to shake Google's giant. The latest project, which aspires to shook a bit of water, has a very interesting player.
Until 2015, few knew that Argentinian programmer Federico Abad was actually "Sebastian," the notorious Popcorn Time content sharing platform.
He is now a member of the team behind Flixxo, a BitTorrent and blockchain platform that began hoping to claim a share of the YouTube video market.
The Flixxo network will not have the established centralized data storage, eliminating the need for expensive server hosting and associated costs. Instead, peer-to-peer transfers will be made using it protocol BitTorrent, meaning video content will be stored on Flixxo users' computers.
In practice, the content will go up and down in the same way that users do in The Pirate Bay or Abad, Popcorn Time.
However, there is one change in the specific system, which will allow content creators and network participants (seeders) to reap income from their involvement in the system.
At the heart of the Flixxo system there will be digital chips (think like a virtual currency), called Flixx. These Flixx coins can be used to get users access to the content. Content creators will also be able to choose to pay for consumers when these people help distribute content to others.
"Without structural costs, producers can share the profits from their content with the network that supports them," the team behind Flixxo told Torrentfreak.
In addition to the earnings from the content distribution help, those involved in the Flixxo system will also be able to gain by watching the advertised content, i.e. Ads. While in a traditional system the ads are often considered annoying, the Flixx coins are likely to make them very popular because the audience will be paid to watch them !!!!
The Flixxo team has great designs. After its foundation at the beginning of 2016, the second quarter of 2017 completed a functional Alpha version. Less than two weeks later, the project will launch an event for its release, while preparing offices in Los Angeles to be completed in the first half of 2018.
“A total of 1.000.000.000 (one billion) Flixx tokens, and 300.000.000 (three hundred million) tokens will be sold. Some of these tokens (which will not exceed 33% or 100.000.000 Flixx) will be able to be sold in anticipation of the offering to strategic investors,” Flixxo said.
"Flixxo will educate its community, and teach its users that in this new age of online value, an internet without intermediaries can become a reality, a value that can be gained through participation, rewarding any social interaction," he explains. the team.
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